Philip Morris (PM) Misses Q4 EPS by 4c

Philip Morris (NYSE: PM) reported Q4 EPS of $1.31, $0.04 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $8.39 billion versus the consensus estimate of $8.15 billion.

• Reported diluted earnings per share forecast to be in a range of $5.20 to $5.35, at prevailing exchange rates, representing a projected increase of approximately 34% to 38% versus reported diluted earnings per share of $3.88 in 2017.
• Excluding a favorable currency impact, at prevailing exchange rates, of approximately $0.16, the forecast range represents a projected increase of approximately 7% to 10% versus adjusted diluted earnings per share of $4.72 in 2017 as detailed in the attached Schedule 17.

For earnings history and earnings-related data on Philip Morris (PM) click here.

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